/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

VANCOUVER, Feb. 22, 2013 /CNW/ - Ecuador Gold & Copper Corp. (the "Company") (TSXV: EGX) is pleased to announce the appointment of Dr. Mario I.
Blejer and Mr. Paul Jones to the Board of Directors. The Company also
announces the appointment of Mr. James Hutton to the Advisory Board of
the Company, and the resignation of Mr. Hutton from the Board of
Directors.

Dr. Mario I. Blejer is an independent economic consultant who holds a
degree in Economics and Jewish History and a Master's Degree in
Economics from the Hebrew University of Jerusalem as well as a Ph.D in
Economics from the University of Chicago.

Dr. Blejer has published several articles on macroeconomic and financial
stability subjects. He served for twenty years in different
departments of the International Monetary Fund. In 2002, Dr. Blejer
was appointed Chairman of the Central Bank of Argentina and during 2003
he was appointed Director of the Center for Studies of Central Banks of
the Bank of England. In 2009, Dr. Blejer was appointed Deputy Chairman
of Banco Hipotecario SA which trades on the Buenos Aires Stock
Exchange. Dr. Blejer also sits on the board of directors of IRSA
Inversiones y Representaciones SA ADR, which trades on the New York
Stock Exchange.

"We are very pleased to welcome Dr. Blejer to the Board", commented
Glenn Laing, the Company's Chief Executive Officer. "Dr. Blejer brings
a wealth of business and economics acumen which will be invaluable to
the Company in executing its future business plans. We are privileged
Dr. Blejer has accepted an appointment to the board of directors of the
Ecuador Gold and Copper Corp."

The Company would also like to welcome Mr. Paul Jones to the Board of
Directors. Mr. Jones has served in numerous engineering, operations,
senior management and consulting positions as well as a director in
public and private companies active in the Americas, Africa and Asia
during his career in the mining industry, which spans over 50 years.
Mr. Jones is a Legion of Honour member of the Society of Mining
Engineers where he has been a member since 1958, and is a member and
officer of the Mining and Metallurgical Society of America. In
February 2004, Mr. Jones received the William Lawrence Saunders Gold
Medal from the American Institute of Mining, Metallurgical and
Petroleum Engineers in recognition of his service to the public and the
mining industry.

Mr. Jones replaces Mr. Hutton, who has resigned from the Board of
Directors but has been appointed to the Advisory Board and Mr. Blejer
is added as an additional director increasing the size of the Board to
five directors. The Board thanks Mr. Hutton for his contributions to
the Company and looks forward to working with him as a member of the
Advisory Board.

The Company would also like to announce that Mr. Mit Tilkov, who
currently holds the position of VP Exploration for the Company, will be
replacing Mr. Robin Slaughter as General Manager of Condormining
Corporation, S.A., the Company's 90%-owned subsidiary which holds the
Company's mineral properties in Ecuador.

Mr. Tilkov graduated from the University of Waterloo with a B.Sc Geology
degree and has over 30 years of experience mostly with Cominco and
thereafter Teck-Cominco where he was responsible for resource
estimation and new business development. His most recent position was
as President of FDG Mining - a Nicaragua gold exploration company. Mr.
Tilkov is a registered Professional Geologist in British Columbia and
is the Company's in house Qualified Person for the purposes of National
Instrument 43-101.

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.